Liberty Media Corporation, through its subsidiaries, operates in the media, communications, and entertainment businesses primarily in North America and the United Kingdom. The company operates through SIRIUS XM and Formula 1 segments. It provides music, sports, entertainment, comedy, talk, news, traffic, weather channels, and other content, as well as podcasts and infotainment services on a subscription fee basis through its satellite radio systems; distributes satellite radios and accessories primarily through automakers, retailers, and Website; provides connected vehicle and a suite of in-vehicle data services to enhance the safety, security, and driving experience for vehicle operators; and operates a music and podcast streaming discovery platform. The company is also involved in motorsports business that holds rights with respect to the World Championship, an approximately nine-month long, motor race-based competition in which teams compete for the Constructors' championship and drivers compete for the Drivers' championship. Liberty Media Corporation was formerly known as Liberty Spinco, Inc. and changed its name to Liberty Media Corporation in January 2013. The company was founded in 1991 and is headquartered in Englewood, Colorado.